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Dec 29, 2012
12/12
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the government doesn't seem to care. we established the original rules, the uptick rules, to stop the fomenting panic. something that happened in the great depression. the government seems to think panics are no longer possible. actually, we know they are more prevalent than ever. we have to be careful not to succumb to panics who are orchestrated by short sellers. much easier to panic people in a financial than a regular business that doesn't involve credit. without those protections, the shorts were able to run wild and pratt particularly assassinate the stocks during the crash of 2008, until in 2009, the bulls were back in control. in 2011, using weapons of mass stock destruction. dealing with a heavily shorted stock in one of the etfs, like the financials, we leashed you have to tread very carefully. you can still find great opportunities in stocks where shorts have overreached and insiders are buying, before going into situations, i got to warn you that the balance of power has shifted against you in recent years. a
the government doesn't seem to care. we established the original rules, the uptick rules, to stop the fomenting panic. something that happened in the great depression. the government seems to think panics are no longer possible. actually, we know they are more prevalent than ever. we have to be careful not to succumb to panics who are orchestrated by short sellers. much easier to panic people in a financial than a regular business that doesn't involve credit. without those protections, the...
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Dec 26, 2012
12/12
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govern from the middle and lead. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve. >>> a huge storm spanning frlgts midwest to the east coast is dumping plenty of snow and rain across the nation. dr. greg postell from the weather channel has more on exactly what's going on. over to you. >> thanks, the snow storm is beginning to wind down across parts of the midwest. parts of ohio, really, the know is almost over. they have received in parts o
govern from the middle and lead. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to...
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Dec 28, 2012
12/12
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that's why we have government. fix it. this is $100,000. we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takes more money than a stranger, you need an ally. ally bank. your money needs an ally. >>> we call him dr. j. he's got a name. he made waves on the fast time money report because he's become an investor in nothing. >> for the first time in 31 years in the market i am completely out of everything. i see no reason to stick with this thing. no reason to get short either, but i think we've assured our self, judge, that we're going to get very small deals done and we virtually assured ourselves of getting our dent downgraded. >> matt is with virtual financial. anthony is with grg. do you agree with dr. j.? >> i would agree. we're starting to get sick and tired of what's going on down in washington. we're getting complacent about the fiscal cliff. people are for getting about just about everythi
that's why we have government. fix it. this is $100,000. we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takes more money than a stranger, you need an ally. ally bank. your money needs an ally. >>> we call him dr. j. he's got a name. he made waves on the fast time money report because he's become an investor in nothing. >> for the...
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Dec 27, 2012
12/12
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government would not pay interest on its debts. have -- you know perfectly well will is about a million things. i have been in the country where they ran out of borrowing capacity and managed important several years to survive without that borrowing capacity. there's a million things you can do before. you don't pay your debt on the u.s. treasuries before you stop paying social security, before you do lots of other things. is he purposefully trying to elevate this to a situation that frightens people? >> in many ways -- this is like the mayan calendar. they said the world would end december 21. we are all still here. the fiscal cliff negotiations and the debts limit thing are not the end of the world and we will figure it out. the most important thing to keep in mind is long term. we want to have a healthy fiscal situation. we have to have a healthy economy. we have to address growth. here's something else that is -- totally missing from this conversation. >> jimmy? >> understand that the executive branch is required under federal
government would not pay interest on its debts. have -- you know perfectly well will is about a million things. i have been in the country where they ran out of borrowing capacity and managed important several years to survive without that borrowing capacity. there's a million things you can do before. you don't pay your debt on the u.s. treasuries before you stop paying social security, before you do lots of other things. is he purposefully trying to elevate this to a situation that frightens...
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Dec 26, 2012
12/12
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that's why we have government. fix it. a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. >>> as the holiday season comes to a close, the early numbers suggest that what started out strong is now ending in a whimper. mastercard spending cost unit estimates that sales rose 0.7% over the past two months compared to a year ago, which would be the weakest pace of annual growth since 2008, at the height of the financial crisis. earlier this morning, cnbc spoke with michael mcnamara from mastercard. >> beginning of december when we start to see sales come down, the confidence numbers also start to come down. it's something that the media coverage really has brought home and really clarified what the fiscal cliff means to personal finance. that debate really seems to be acting, it's almost creating a sense of gravity that's p
that's why we have government. fix it. a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. >>> as the holiday season comes to a close, the early numbers suggest that what started out strong is now ending in a whimper....
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Dec 28, 2012
12/12
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you have forest service, 30% of the land is owned by the federal government. so there's a lot of federal dollars that come to montana. that's part of the system. >> what would be the economic impact, going back to what the farmer was telling us about the situation, if estate taxes go up 55%. we're going to see farmers cutting back on the size of their farms, some may even go out of business. what's the economic impact and how can you mitigate that, governor? >> the difficulty here is over the long-term. naturally, sometime during january if we go over the cliff which is more of a hill, these congressmen will come to their senses. they've gone completely crazy and apparently if you vote for something on december tlonl, then it's okay with grover nor quist and if it's after december 31st, it's something else. look, a pledge is one thing, but look right now we've been spending money on a credit card nationally for the last ten years without paying for it. both parties have been doing it. it's time to pay down. spend less and we have to raise more money. >> that's
you have forest service, 30% of the land is owned by the federal government. so there's a lot of federal dollars that come to montana. that's part of the system. >> what would be the economic impact, going back to what the farmer was telling us about the situation, if estate taxes go up 55%. we're going to see farmers cutting back on the size of their farms, some may even go out of business. what's the economic impact and how can you mitigate that, governor? >> the difficulty here...
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Dec 27, 2012
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a lot of the money that the low-end consumer has, they won't have anymore, and they won't have the government assistance programs to rely on. may not have the same effect we saw in the last recession. >> the ultimate consumer discretionary stocks, it occurs to me, dana, would be the luxury retailers like a tiffany which have suffered here recently. they in the past have been immune to a lot of vagaries of the consumer and the economy, but that hasn't been the case this time around. what happened? >> i think tiffany's a little bit different than some of the other luxury goods company. tiffany overall is working on its product, silver business which is a high margin category. didn't have enough novelty and newness in it and hopefully that's something they can fix for next year. >> wasn't just me then? >> not just you. >> exactly. >> i noticed that, yeah. >> dana on that point, the companies for stocks like tiffany's, what about aptitude in places like china in. >> overall when we see what's happening in china, so many new brands emerged in china, new companies on the luxury good fronts, and you
a lot of the money that the low-end consumer has, they won't have anymore, and they won't have the government assistance programs to rely on. may not have the same effect we saw in the last recession. >> the ultimate consumer discretionary stocks, it occurs to me, dana, would be the luxury retailers like a tiffany which have suffered here recently. they in the past have been immune to a lot of vagaries of the consumer and the economy, but that hasn't been the case this time around. what...
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Dec 27, 2012
12/12
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we fall off the cliff, the fear is that we fall off the cliff, not slowly glide down the cliffch the government at this point needs to understand that we should be able to trust you to do the right thing, put politics aside and think about us, the people that's why we have government. fix it. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. it's no wonder so many investors are saying... you know it even after all these years. but your erectile dysfunction - you know,that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to tr
we fall off the cliff, the fear is that we fall off the cliff, not slowly glide down the cliffch the government at this point needs to understand that we should be able to trust you to do the right thing, put politics aside and think about us, the people that's why we have government. fix it. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a...
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Dec 26, 2012
12/12
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you have to remember, a government has a hard time strengthening its currency, but governments can very easily weaken their currencies, simply by printing them and when the japanese said they are going to print them in an unlimited fashion, you have to believe them. >> also, the other difference here between japan and what's going on for instance here in the united states is that in japan, there are still positive real rates so the bank of japan has the freedom and the leeway to really impact what's going on with the yen. >> well, they've made it clear that that's what they intend to do. they're going to take rates to negative numbers over there, mel, before it's done. they have choice and that's what's going to end up happening. they have the exporters with them, at their back, to help them along the line. and you have, i think, a failing demographic circumstances. there's nothing they can do to help the economy itself, other than to help exports. there's nothing they're going to do to help the consumers, who are falling in numbers. they have to continue to export goods and services ou
you have to remember, a government has a hard time strengthening its currency, but governments can very easily weaken their currencies, simply by printing them and when the japanese said they are going to print them in an unlimited fashion, you have to believe them. >> also, the other difference here between japan and what's going on for instance here in the united states is that in japan, there are still positive real rates so the bank of japan has the freedom and the leeway to really...
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Dec 26, 2012
12/12
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that's why we have to slash government spending. the nation is broke. >> but peter, peter, michael farr, while we need this reduction in spending and i'm totally with you, we don't need this ham-handed kind of blunt instrument approach to figuring out the solutions to these problems. i mean, these guys have had all the time in the world to come up with the simpson-bowles and they just refuse to take responsible action. >> but they're not going to do that. it's funny, people talk about we need a solution that avoids the fiscal cliff but that solves our long-term problems. these things are mutually exclusive. we can't solve our problems without going over a cliff. the problem is the cliff is too small to actually solve the problem. it needs to be much bigger. [ speaking simultaneously ] >> how much confidence would, let's say we go over the cliff and we cut spending, we raise taxes, and the fiscal situation, albeit through a short recession, helps the fiscal long-term situation of america. how much confidence could that add to many pe
that's why we have to slash government spending. the nation is broke. >> but peter, peter, michael farr, while we need this reduction in spending and i'm totally with you, we don't need this ham-handed kind of blunt instrument approach to figuring out the solutions to these problems. i mean, these guys have had all the time in the world to come up with the simpson-bowles and they just refuse to take responsible action. >> but they're not going to do that. it's funny, people talk...
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Dec 27, 2012
12/12
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it is a demographic inevitability more and more money will be spent by governments and people and during the hour we're taping the show, another thousand people are turning 65. we like the way the stocks are set up technically, almost all out of breakout resistance levels. on the phrfamilia pharma sidsid- >> i will break in with breaking news. we are not taping. >> we're taping and going live to tape. >> so we're not going to edit anything i just said? >> no. it's not going on tape anywhere. >> let's get back -- >> welcome back to live television. >> the logistics not withstanding. >> each of you think a different sector of the market will be the leadership group of 2013. >> interesting no one said energy that over the last couple years was always the sector everyone pointed to. >> let me say something about the three picks, strong cases made. the reason why i wouldn't take those trades and why i'm going for health care, on industrials, you need a huge pickup in the global economy for that group to perform. i don't see where it's coming from. midway through the year, i might changes my t
it is a demographic inevitability more and more money will be spent by governments and people and during the hour we're taping the show, another thousand people are turning 65. we like the way the stocks are set up technically, almost all out of breakout resistance levels. on the phrfamilia pharma sidsid- >> i will break in with breaking news. we are not taping. >> we're taping and going live to tape. >> so we're not going to edit anything i just said? >> no. it's not...
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Dec 28, 2012
12/12
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government, possibly s&p one more notch. it's not going over the cliff but the government can't come up with a real decision. i do, by the way, think there will be some kind of agreement over the weekend as your previous reporter said. i think it will be a light weight deal. the biggest thing, brian, is we get to do this in another 60 to 90 days with the debt ceiling. we have a lot of problems and issues but we can't seem to agree on much. >> craig, should we go over the fiscal cliff? >> well, brian, it's not an ideal situation. certainly i think if you could have both sides of the aisle rise above, as you guys have said, and come to some kind of a balanced deal, it would be great. given the alternatives right now, it's not that bad of a deal because if you look long term, the government spending has been about 20% of gdp. today that's 25%. revenues have been 18% of gdp. today that's 15.4%. it's both a spending issue and a revenue issue. so at least the cliff resolves the revenue issue. certainly it does it more than we need
government, possibly s&p one more notch. it's not going over the cliff but the government can't come up with a real decision. i do, by the way, think there will be some kind of agreement over the weekend as your previous reporter said. i think it will be a light weight deal. the biggest thing, brian, is we get to do this in another 60 to 90 days with the debt ceiling. we have a lot of problems and issues but we can't seem to agree on much. >> craig, should we go over the fiscal cliff?...
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Dec 26, 2012
12/12
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once they get back from holiday in march and really the new transitional government -- the government that has been the transitional government starts pulling the levers, we think we'll get some stimulus. it will feed into the global economy. europe is still on the mend, but it is doing what it needs to do. the u.s. has been growing. we've got housing, we've got automobiles. both have put in good numbers and we would expect that our economy will be able to weather the rockiness near term and benefit from an agreement on this fiscal cliff. >> steve weiss quickly. >> john, how do you see it playing out? we've seen a lot of ends being front end loaded only to fall off and maintain the back end. with everything that's going on in terms of spending, cutting back from europe and from u.s. standpoint. how do you see it playing out next year in terms of the market action? >> in terms of the market action, what we would expect, the first quarter a lot is going to depend on what happens with the fiscal cliff. as i said before, if we move into a recession, you're not going to get a 1585 target o
once they get back from holiday in march and really the new transitional government -- the government that has been the transitional government starts pulling the levers, we think we'll get some stimulus. it will feed into the global economy. europe is still on the mend, but it is doing what it needs to do. the u.s. has been growing. we've got housing, we've got automobiles. both have put in good numbers and we would expect that our economy will be able to weather the rockiness near term and...
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Dec 26, 2012
12/12
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the reductions in spending over time can happen over time, the way our government keeps track is over a decade. >> right. >> so we don't need to do it all today, and as far as higher taxes go, there's a group of people who will sign this pledge not to raise taxes, and, you know, more than two-thirds are millionaires who said, you know what, we'll pay more taxes because in the end analysis, the investment we would make in paying more in taxes to get the economy going will return in wealth very quickly if we get the economy back to where it should be. >> there's a very good article on cnbc.com about the possibility that congress might decide to start tax is employer-sponsored health insurance. do you think that's a possibility, and what impact would that have on you? >> everything needs to be on the table. if we're going to have a good solution that gets at our deficit and reduce our debt everything has to be on the table and we'll deal with it. it's great to have rules. we just like to know what they are so we can make the right investments moving forward. >> even if it puts us in a cl
the reductions in spending over time can happen over time, the way our government keeps track is over a decade. >> right. >> so we don't need to do it all today, and as far as higher taxes go, there's a group of people who will sign this pledge not to raise taxes, and, you know, more than two-thirds are millionaires who said, you know what, we'll pay more taxes because in the end analysis, the investment we would make in paying more in taxes to get the economy going will return in...
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Dec 28, 2012
12/12
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we put the government on hiatus in terms of spending money but we've always gotten through it. to me that is not the seminole issue. if that is i'm happy to be on the other side of the trade. >> i wasn't saying it is an actual issue. i said it was surprised at the degree to which corporate leaders are saying that that is a big deal. in other words to me to -- >> that pales in every interview i've heard, on cnbc, that paels in comparison. it is an after thought relative to getting the budget situation and tax situation set. that has only come on as an issue recently. you talk about pent up demand for the market over the last month. pent up demand has been in corporations spending their 2 trillion in cash over the last year in advance of settling this situation not the debt ceiling. >> let me also say mike before we let you go just to revisit the to revisit the trade you brought last week which was a winner tan that was long tlt, going long treasuries, that still work for you? >> well it still works i think as long as the process gets dragged out. what the bond market is not goin
we put the government on hiatus in terms of spending money but we've always gotten through it. to me that is not the seminole issue. if that is i'm happy to be on the other side of the trade. >> i wasn't saying it is an actual issue. i said it was surprised at the degree to which corporate leaders are saying that that is a big deal. in other words to me to -- >> that pales in every interview i've heard, on cnbc, that paels in comparison. it is an after thought relative to getting...
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Dec 28, 2012
12/12
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if there's a cut in government spending, where is the lift coming from, consumers, investment? therefore, the u.s. economy, we're on fragile ground right now. >> short term, sarge, this market held hostage minute by minute by the developments out of washington. >> yeah, sure, if we don't see any kind of compromise whatsoever, you'll see this s&p 500 trading in the 1360s next week. i think you'll get a short-term deal, address some of the issues, not really solve anything, kick the can down the road much like they do in europe and get your mild positive reaction going into the jobs data on friday. >> do you think we get a definitive move in this market one way or the other with some announcement out of washington, or is this market just so tired of all of the developments there? what do you think? >> well, there's still a risk-on trend, and if they kick the can down the road or actually come to some kind of compromise, that trend is intact, and you'll see going into the first few months of the year i believe very positive price action for all the equity indexs? >> what now, rick
if there's a cut in government spending, where is the lift coming from, consumers, investment? therefore, the u.s. economy, we're on fragile ground right now. >> short term, sarge, this market held hostage minute by minute by the developments out of washington. >> yeah, sure, if we don't see any kind of compromise whatsoever, you'll see this s&p 500 trading in the 1360s next week. i think you'll get a short-term deal, address some of the issues, not really solve anything, kick...
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Dec 29, 2012
12/12
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the amendment which had govern the a lot of u.s.-russian/soviet relations going back to the 1970s had to be replaced. it was replaced in congress by the act which set russia's worst human viets violators there should be consequences when it comes to getting visas. vladimir mute indecided to lash out to the united states by pointing a figurative rifle at the head of russia's orphans. >> we improve russia's trade relation with us, officially and then he gets upset because buried within there is a little clause that says, as you point out, the worst human rights violators should have trouble getting into the united states. how far should we go, throw, right? i brought this up last night and i'll bring it up again with you. in the united states we believe that people all over the world have certain rights regardless of geography, regardless of ethnicity, regardless of religion. they are inalienable and it is unfathomable to us that there are parts of the world where they don't believe that. it's amazing, but true. how far do we go in pu
the amendment which had govern the a lot of u.s.-russian/soviet relations going back to the 1970s had to be replaced. it was replaced in congress by the act which set russia's worst human viets violators there should be consequences when it comes to getting visas. vladimir mute indecided to lash out to the united states by pointing a figurative rifle at the head of russia's orphans. >> we improve russia's trade relation with us, officially and then he gets upset because buried within...
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Dec 28, 2012
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was a tremendous emotional response and the guns were banned and those people who owned them and the government knew where they were because they were all registered were required to hand them in even the target shooting olympic team was not allowed to keep guns in the country and they had to practice and keep their guns abroad, but nonetheless, within the decade of guns being withdrawn from these people gun crime with handguns actually doubled and guns are really are awash on the streets and there's a fair amount of street crime using handguns which there hadn't been much of before, and it's beyond which was something that traditionally they never were. so it hasn't worked and what it has done and it's taken the guns away from the law-abiding people that might have used them to protect themselves or to do something else with legitimately. >> what do you say to people who look at united states and say, wow! random mass murderers -- i heard it today. random mass murders in the united states where some whacko killed a bunch of people he doesn't know seems to happen every six months in the united
was a tremendous emotional response and the guns were banned and those people who owned them and the government knew where they were because they were all registered were required to hand them in even the target shooting olympic team was not allowed to keep guns in the country and they had to practice and keep their guns abroad, but nonetheless, within the decade of guns being withdrawn from these people gun crime with handguns actually doubled and guns are really are awash on the streets and...
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Dec 26, 2012
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government, i take that back, only can government, period, including the u.s. government turn a detour into a four-lane highway, okay? let's talk about infusion. governments tried to create faux guarantees when they set up the gses when they created the structure of special financing and faux guarantees whether they were applied or assumed, we all know how it turned out. taxpayers ended up getting the bill when government took over the space. and then we get all the faux guarantees of fixing the original faux guarantees as the intrusion really did get worse. i take you back to september of 2008 when the gses were put in the conservatorship and then treasury secretary paulson said the following quote. i attribute the need for today's action, talking about conservatorship, primarily to the inherent conflict and flawed business model embedded in the gse government sponsored enterprise structure and to the ongoing housing correction. well, first of all, how many experts have we had on lately that have said housing is doing much better. today's kate shiler seems to
government, i take that back, only can government, period, including the u.s. government turn a detour into a four-lane highway, okay? let's talk about infusion. governments tried to create faux guarantees when they set up the gses when they created the structure of special financing and faux guarantees whether they were applied or assumed, we all know how it turned out. taxpayers ended up getting the bill when government took over the space. and then we get all the faux guarantees of fixing...
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Dec 27, 2012
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to think that the government, federal government certainly was closed on monday and tuesday, some of the state government was closed for both days, one of those days as well, saying maybe it came in a little bit light. some interpretation but funny to see all the headlines crossing this morning saying the futures were moving based on claims or the treasuries based on claims numbers and not what was going on on the fiscal cliff. >> a crummy start to the year we get a fourth strike on top of all that, true. >> not such a crummy year for japan. japanese stocks rallying you can the yen continuing its slide against the dollar in all the major currencies, in fact. asian markets mixed overnight trading. the nikkei climbing to a closing level not seen since just before the march 2011 earthquake, marking a third day of gains, mostly drive bine hopes for a new stimulus policy. the yen is sitting closes to the lowest level since september 2010 against the dollar. interesting here because now a lot of people are saying the best or the hottest trade in 2013 will, in fact, be long japanese stocks
to think that the government, federal government certainly was closed on monday and tuesday, some of the state government was closed for both days, one of those days as well, saying maybe it came in a little bit light. some interpretation but funny to see all the headlines crossing this morning saying the futures were moving based on claims or the treasuries based on claims numbers and not what was going on on the fiscal cliff. >> a crummy start to the year we get a fourth strike on top...
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Dec 28, 2012
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we have debt that's being issued by governments, by corporations. will we need a capital markets business? even though the capital markets businesses aren't beating their cost of capital right now what we're seeing is we're seeing compensation levels coming down, increasing the margins in it. we're seeing inventory levels come in. that means that the amount of capital that they're putting, that they have there is dropping, which of course would be an improvement in roes. all of this leads to a world of sort of a repricing of the capital markets. wider bid offers treads, less tratding volume, less risk taken but will there be a capital markets business? the answer is yes. unfortunately right now the issue we have is the fiscal cliff which makes everything uncertain at least through march. a lot of washington circus going on. we, you know, i think it's pretty reasonable to assume that no politician, no libertarian would ever want the u.s. to default on its debt. so by march we should have a solution to that. then what we are is we're back in an enviro
we have debt that's being issued by governments, by corporations. will we need a capital markets business? even though the capital markets businesses aren't beating their cost of capital right now what we're seeing is we're seeing compensation levels coming down, increasing the margins in it. we're seeing inventory levels come in. that means that the amount of capital that they're putting, that they have there is dropping, which of course would be an improvement in roes. all of this leads to a...
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Dec 30, 2012
12/12
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WBAL
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. >> maryland has very strong ties to the federal government. lots of federal workers and businesses that rely on the federal workers. all of them are keeping a close eye on negotiations. according to a report earlier this year by the state department of legislative services, maryland stands to lose 53,000 jobs in 2013 if lawmakers cannot come to an agreement. the state will also lose tax revenue estimated at about $260 million for 2013. if the cuts go through, the state will lose $117 million in federal funding for 2013. that is money the state has already factored into its budget. >> it is gone to affect social service programs -- it is going to affect social service programs as well as some of our defense contractors in maryland. it is going to adversely impact our low income households as well as some of our higher and households. >> the first thing you will notice is in your paycheck. the federal income taxes will go up. if lawmakers to come to an agreement, they are likely to leave it that way. sarah sampson, wbal-tv 11 news. >> the ravens
. >> maryland has very strong ties to the federal government. lots of federal workers and businesses that rely on the federal workers. all of them are keeping a close eye on negotiations. according to a report earlier this year by the state department of legislative services, maryland stands to lose 53,000 jobs in 2013 if lawmakers cannot come to an agreement. the state will also lose tax revenue estimated at about $260 million for 2013. if the cuts go through, the state will lose $117...
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Dec 26, 2012
12/12
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WBAL
tv
eye 110
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if they do not reach a deal by next week, tax hikes and automatic government spending cuts take effect. >> shoppers descended to grab christmas sales. they rushed into shops when the doors opened. some stores cut prices up to 75%. the day after christmas is very important for retails in central london. more than $80 million is expected to be spent today. 100,000 shoppers are expected to pass. the deadline for the fiscal cliff edging closer. the president and lawmakers will return to washington. what lies ahead and is there time to reach a deal? i look at the true holiday spectacular in howard county. stay tuned as we look at the symphony of lights. >> many families packed up and took a drive through the symphony of flights. this is the 19th year for the gigantic light show. tommy culp was there and brought this back with him. >>♪ >> how nice. that is all for me. here is what is next. >> we still got some rain out there. we talk about how this storm will wind down. >> a baltimore man indicted in the death of his son. >> an officer involved shooting. we have the latest. >> you're watch
if they do not reach a deal by next week, tax hikes and automatic government spending cuts take effect. >> shoppers descended to grab christmas sales. they rushed into shops when the doors opened. some stores cut prices up to 75%. the day after christmas is very important for retails in central london. more than $80 million is expected to be spent today. 100,000 shoppers are expected to pass. the deadline for the fiscal cliff edging closer. the president and lawmakers will return to...
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Dec 30, 2012
12/12
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FOXNEWSW
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. >> how are the talks progressing and what about reduction in government spending? we still have the looming 16 trillion plus budget deficit. remember that? and the politicians they are taking their time on that as well. we will ask house budget committee member south carolina republican congressman when joins us live later this hour. he is worried that the talks have not addressed spending. so we have to address that. >> breaking news now in the benghazi terror attacks in libya. president obama this morning told "meet the press" the u.s. now has some "very good leads" about who carried out the deadly strike. >> there was sloppiness, not intentional in terms of how we secure embassies in areas where you essentially don't have governments that have a lot of capacity to protect the embassies. so we are are doing a thorough review. not only will we implement all of the recommendations that were made but we will try to do more than that. with respect to who carried it out, that is an ongoing investigation. the fbi has sent individuals to libya repeatedly. we have some v
. >> how are the talks progressing and what about reduction in government spending? we still have the looming 16 trillion plus budget deficit. remember that? and the politicians they are taking their time on that as well. we will ask house budget committee member south carolina republican congressman when joins us live later this hour. he is worried that the talks have not addressed spending. so we have to address that. >> breaking news now in the benghazi terror attacks in libya....
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Dec 28, 2012
12/12
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FOXNEWSW
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free massive government settlement between the feds and 14 learneds for improper dmroesh our. the money deadline was closed three times now. 356,000 homeowners excitemented for the review. maybe if you realize i got foreclosed on. >> let's make a deal especially if you want to buy a car. >> dealerships have way too many cars on their lots. discounts take in several forms. you can get cash back. 6,000 cash. 0 percent financing. some cases you can save 9,000 on a gm truck. they have way too many of those. it is the best year in five years. 14 and a half million vehicle sold. that is up 13 percent or so from the year before. soy far it means more discounts. >> good news for the auto industry but not movie industry. >> years ago the video guys never worried about master music piracy you can't download a movie series. game of throwns is t-- game of thrones is the most pirated download. it is the most illegally downloaded show, 14.3 million down loads. killer drama came in third and big bang theory a sweet comedy was third. they do it illegally instead of paying for it. most of the
free massive government settlement between the feds and 14 learneds for improper dmroesh our. the money deadline was closed three times now. 356,000 homeowners excitemented for the review. maybe if you realize i got foreclosed on. >> let's make a deal especially if you want to buy a car. >> dealerships have way too many cars on their lots. discounts take in several forms. you can get cash back. 6,000 cash. 0 percent financing. some cases you can save 9,000 on a gm truck. they have...
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Dec 27, 2012
12/12
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FOXNEWSW
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a look at government gone wild next. also a deadly winter storm. snow, ice and wind stranding thousands of holiday travelers across the nation. the latest on the storm's path coming up. bye dad. drive safe. k. love you. [ chirping, buzzing continues ] [ horn honks ] [ buzzing continues ] [ male announcer ] the sprint drive first app. blocks and replies to texts while you drive. we can live without the &. visit sprint.com/drive. we can live without the &. we've dided to we're all having such a great year in the gulf, put aside our rivalry. 'cause all our states are great. and now is when the gulf gets even bett. the beaches and waters couldn't be more beautil. take a boat ride or just lay in the sun. enjoy the wildlife and natural beauty. and don't forget our amazing seafood. soome to the gulf, you'll have a great time. especially in alabama. you mean mississippi. that's florida. say louisiana or there's no dessert. brought to you by bp and all of us who ca the gulf home. every signature is unique, and every fingerprint unrepeatable. at sleep number
a look at government gone wild next. also a deadly winter storm. snow, ice and wind stranding thousands of holiday travelers across the nation. the latest on the storm's path coming up. bye dad. drive safe. k. love you. [ chirping, buzzing continues ] [ horn honks ] [ buzzing continues ] [ male announcer ] the sprint drive first app. blocks and replies to texts while you drive. we can live without the &. visit sprint.com/drive. we can live without the &. we've dided to we're all having...
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304
Dec 24, 2012
12/12
by
KPIX
tv
eye 304
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. >> a syrian government air strike in a town near the city of homa has reportedly killed dozens. peateur video appears to show the aftermath of the attack which struck a bakery where people were lining up for their first bread in days. in damascus, meanwhile, u.n. peace envoy brahimi arrived today for more talks with president assad. in his attempt to remain in power, assad has cultivated the support of minority groups athin his ethically divided country. elizabeth palmer saw that policy at work during a recent visit to the southern town of swada. >> reporter: conflict has engulfed syria over the past months from one end of the country to the other. but so far it barely touched this town in southern syria near the border with jordan. the people who live here are a religious group that has allied itself with president assad. good afternoon. when we arrived it in town to meet the governor, syrian state media was waiting for us. the regime is anxious to showcase this community full of official supporters willing to reinforce the party line, that the violence in syria is not a civil
. >> a syrian government air strike in a town near the city of homa has reportedly killed dozens. peateur video appears to show the aftermath of the attack which struck a bakery where people were lining up for their first bread in days. in damascus, meanwhile, u.n. peace envoy brahimi arrived today for more talks with president assad. in his attempt to remain in power, assad has cultivated the support of minority groups athin his ethically divided country. elizabeth palmer saw that policy...
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Dec 28, 2012
12/12
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FOXNEWSW
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eye 187
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look at our problem with spending, how bloated our government is. we're $16 trillion in debt. something needs to be done. this year we're going to spend $165 billion more than we receive in social security. $3 we're going to spend for every 65 we receive in social security in medicare. this is absolutely -- we need to stop. this is not fair to young people. it's not fair for future generations they have to inherit this debt. something needs to be done. >> i agree. what do we do when we have personal debt? we raise our income, we want to raise our revenue and cut spending. >> we're not going to take -- >> we put it forward and we've cut spending cut $.5 trillion last year. >> where? >> i want to take money from the private sector and give it to a bunch of bureau kratz. let the money stay in the private sector. don't raise taxes when we have a slow economy. >> why are you telling me that? tell john boehner not to raise taxes. he'll raise them on all of us. the congress is on taxes. everything -- we shouldn't be debating this. congress should because tax bills, as you know, have
look at our problem with spending, how bloated our government is. we're $16 trillion in debt. something needs to be done. this year we're going to spend $165 billion more than we receive in social security. $3 we're going to spend for every 65 we receive in social security in medicare. this is absolutely -- we need to stop. this is not fair to young people. it's not fair for future generations they have to inherit this debt. something needs to be done. >> i agree. what do we do when we...
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Dec 30, 2012
12/12
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FOXNEWSW
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it's equal branchings of government. they control two-thirds and it takes three to tango, the senate, white hussein. >> eric: terrific debate. >> heather: who is leading in the tango, that's what we don't know. congressional leaders are trying to come up with that deal, with less than two days before massive tax hikes and spending cuts kick in and small businesses are already being affected. companies have no idea how much more they are going to owe uncle sam next year. that is affecting how they are doing business right now. we have those details from the new york city newsroom. >> reporter: many small, owners are hesitating to expand, for fear their bottom line will suffer as the fiscal cliff looms and congress can't seem to compromise. the owner of an internet marketing company is concerned that the change in tax rates will hurt his ability to hire. he says the uncertainty is making him run his business defensively, making decisions based on business already coming in because he can't risk losing it all. >> knowing th
it's equal branchings of government. they control two-thirds and it takes three to tango, the senate, white hussein. >> eric: terrific debate. >> heather: who is leading in the tango, that's what we don't know. congressional leaders are trying to come up with that deal, with less than two days before massive tax hikes and spending cuts kick in and small businesses are already being affected. companies have no idea how much more they are going to owe uncle sam next year. that is...
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Dec 27, 2012
12/12
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FOXNEWSW
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directly ahead big government tanging the war on tobacco to a new extreme. this time targeting cigarettes and big league chew, kimberly has more on the smoking gum next. ♪ ♪ [ male announcer ] imagine facing the day with less chronic osteoarthritis pain. imagine living your life with less chronic low back pain. imagine you, with less pain. cymbalta can help. cymbalta is fda-approved to manage chronic musculoskeletal pain. one non-narcotic pill a day, every day, can help reduce this pain. tell your doctor right away if your mood worsens, you have unusual changes in mood or behavior or thoughts of suicide. antidepressants can increase these in children, teens, and young adults. cymbalta is not approved for children under 18. people taking maois or thioridazine or with uncontrolled glaucoma should not take cymbalta. taking it with nsaid pain relievers, aspirin, or blood thinners may increase bleeding risk. severe liver problems, some fatal, were reported. signs include abdominal pain and yellowing skin or eyes. tell your doctor about all your medicines, inc
directly ahead big government tanging the war on tobacco to a new extreme. this time targeting cigarettes and big league chew, kimberly has more on the smoking gum next. ♪ ♪ [ male announcer ] imagine facing the day with less chronic osteoarthritis pain. imagine living your life with less chronic low back pain. imagine you, with less pain. cymbalta can help. cymbalta is fda-approved to manage chronic musculoskeletal pain. one non-narcotic pill a day, every day, can help reduce this pain....
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Dec 26, 2012
12/12
by
FOXNEWSW
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united states government is set to go off the fiscal cliff on new year's day. at this point we don't know if the president plans to return at the to hawaii if the tax hikes are avoided well in advance of the of the new year. he's there to talk to himself. john boehner will come back at any time. his office told us it would be sometime after christmas. so he could be back as soon as today. the upper chamber in commerce is coming back tomorrow to pick up where they left off on the important domestic surveillance bisa. they will meet for a vote on the $50.6 billion bill for hurricane sandy relief. they will be back in the same zip code as far as we know there are no specific time or places on the books for an inperson meaning between the two. something else that remains to be seen is everybody will return to the table with a cooler head which the president shawas hopi for before he went on his family vacation. hoe over do you. >> the fiscal cliff we have been telling you so much about could be devastating for thousands of american businesses and their workers. the
united states government is set to go off the fiscal cliff on new year's day. at this point we don't know if the president plans to return at the to hawaii if the tax hikes are avoided well in advance of the of the new year. he's there to talk to himself. john boehner will come back at any time. his office told us it would be sometime after christmas. so he could be back as soon as today. the upper chamber in commerce is coming back tomorrow to pick up where they left off on the important...
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Dec 29, 2012
12/12
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FOXNEWSW
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eye 147
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and, yes, your government is doing it to you. >>> also, what a year. government sex scandals. brutal political fights and superstorms like we he have never seen before. lots of explosive headlines in 2012. what is the biggest story of the year. tell us on gretawire and post your pick and see if your pick made our list. that's coming up. >>> plus, get ready. another storm about to pummel big chunks of the nation. does that possibly mean you? are you in the path? the latest on the storm are's path is coming up. ♪ constipated? yeah. mm. some laxatives like dulcolax can cause cramps. but phillips' caplets don't. they have magnesium. for effective relief of occasional constipation. thanks. [ phillips' lady ] live the regular life. phillips'. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day afr day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] e pill eachmorning. 24 hours. zero heartbur mine was earned off vietnam in 1968. over the south paci
and, yes, your government is doing it to you. >>> also, what a year. government sex scandals. brutal political fights and superstorms like we he have never seen before. lots of explosive headlines in 2012. what is the biggest story of the year. tell us on gretawire and post your pick and see if your pick made our list. that's coming up. >>> plus, get ready. another storm about to pummel big chunks of the nation. does that possibly mean you? are you in the path? the latest on...
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Dec 27, 2012
12/12
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FOXNEWSW
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eye 264
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government is estimated to hit $16.4 trilli $16.4 trillion borrowing limit. in a letter to congress timothy geithner says he will take several accounting measures to start the new year that. will keep the gvtmeovernment from reaching the limit until a fiscal deal is reached and the economy can save off the debt. >> let's talk about toyota? >> owners of 60 million lexus and cars from 1998 to 2010 may be getting some cash. toyota has agreed to pay more than a billion dollars to settle a class action lawsuit. toyota will create a fund for retrofitting more than 3 million cars of technology that makes it easier for them to stop. in late 2009, all of 20010 due to lower resail value of the car. toyota has not admitteded any guilt on this topic. >> they get a big chunk of change and the car owners a little bit. >> for many passengers air travel is about finding the cheeps air fair. as airlines offer more and more add-ons from early boarding to premium seating to baggage fees that ability to comparison shop is pretty much impossible. the on-line ticketers like expedi
government is estimated to hit $16.4 trilli $16.4 trillion borrowing limit. in a letter to congress timothy geithner says he will take several accounting measures to start the new year that. will keep the gvtmeovernment from reaching the limit until a fiscal deal is reached and the economy can save off the debt. >> let's talk about toyota? >> owners of 60 million lexus and cars from 1998 to 2010 may be getting some cash. toyota has agreed to pay more than a billion dollars to settle...
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187
Dec 30, 2012
12/12
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FOXNEWSW
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eye 187
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there are a lot of people still without help from the government. that criticism was not directed at president obama at all. >> jon: katrina killed a lot more people than sandy but what do you think about fema and their handling of it. >> if there is no question, if you are homes after sandy, many more people were killed in katrina, but plenty of people in a big city like new york are still homeless. media like bloomberg, they like christy, they don't have any person to blame. they blame bush 43. >> come on. i was watching a lot of television during katrina. it's not only the numbers of people killed. it was the complete disaster of fema. doing one heck of a job when people were in a stadium where they didn't have a food and water.is performance was much br much improved. the president himself handled it better. he came up to new york. >> let's be real about when you call 911. its local responder. when you are on your roof and you can't get off your roof you are calling somebody, it doesn't ring at the white house. it is the local responder, mayor t
there are a lot of people still without help from the government. that criticism was not directed at president obama at all. >> jon: katrina killed a lot more people than sandy but what do you think about fema and their handling of it. >> if there is no question, if you are homes after sandy, many more people were killed in katrina, but plenty of people in a big city like new york are still homeless. media like bloomberg, they like christy, they don't have any person to blame. they...
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422
Dec 30, 2012
12/12
by
KPIX
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eye 422
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government goes over the fiscal cliff, they could get even longer. according to one congressional analysis, the transportation security administration would lose more than $640 million in funding, roughly 7% of out budget. t.s.a. with would also lose over 7,000 security officers. safety would not be compromised. the passenger misery would increase. >> it could be a severe impact on the traveling public. instead of maybe one hour, you may be there two or three hours before. >> reporter: long lines would be the least of the problems. under the mandatory cuts of the fiscal cliff, the federal aviation administration would lose $800 million, and more than 2,000 air traffic controllers. fewer controllers mean fewer planes moving passengers and cargo. warns the air traffic controllers association. >> fb's pocketbook and livelihood is tied to the aviation system, so the impact of the aviation system not being able to provide the service that they do today would be devastating. >> reporter: if washington can't reach a compromise, the economic recovery could s
government goes over the fiscal cliff, they could get even longer. according to one congressional analysis, the transportation security administration would lose more than $640 million in funding, roughly 7% of out budget. t.s.a. with would also lose over 7,000 security officers. safety would not be compromised. the passenger misery would increase. >> it could be a severe impact on the traveling public. instead of maybe one hour, you may be there two or three hours before. >>...
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90
Dec 30, 2012
12/12
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WJLA
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eye 90
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government considers the most dangerous. they're offering tens of thousands of dollars to anyone who kills the u.s. ambassador or an american soldier in their country. here's muhammad lila. >> reporter: it's a country racked with lawlessness and now a potential new threat. the associated press first reported this video which claims to be from al qaeda's yemen branch announcing a new bounty. roughly $160,000 for the head of the american ambassador in yemen and $23,000 for any american soldier. abc hasn't verified the authenticity of the video. it was posted online separately, claiming to be part of a longer video, one that we have authenticated. the threat comes at a critical time, just four months after the american embassy was stormed in libya, killing chris stevens and three other personnel. after the attacks, security levels were raised at many american embassies around the world. >> i think the security detail won't do anything differently because they had to know the ambassador was already a person who had to be protect
government considers the most dangerous. they're offering tens of thousands of dollars to anyone who kills the u.s. ambassador or an american soldier in their country. here's muhammad lila. >> reporter: it's a country racked with lawlessness and now a potential new threat. the associated press first reported this video which claims to be from al qaeda's yemen branch announcing a new bounty. roughly $160,000 for the head of the american ambassador in yemen and $23,000 for any american...
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Dec 27, 2012
12/12
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MSNBCW
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so, that makes the government like the rest of us. he also referenced the impending fiscal cliff, which threatens to derail the economy if a compromise isn't be reached by next week on those big, unanswered issues. with both sides locked in a standoff, house republicans are calling on senate democrats to act first. democrats aren't budging much on their demands. they want to extend tax cuts on incomes below $250,000, prolong unemployment benefits and delay those sweeping spending cuts. while many republicans oppose new taxes for anyone, senator kay bailey hutchison says she's looking for compromise, alluding to house speaker john boehner's plan "b" that was met with stiff opposition from his own party. >> i think $250,000 is too low a threshold. a lot of working people who are couples would exceed that, and i don't think we need that kind of shock to the system. however, i've talked to some of my democratic colleagues, and they are saying maybe in the $400,000 or $500,000 category we could set a benchmark. i do think it is essential t
so, that makes the government like the rest of us. he also referenced the impending fiscal cliff, which threatens to derail the economy if a compromise isn't be reached by next week on those big, unanswered issues. with both sides locked in a standoff, house republicans are calling on senate democrats to act first. democrats aren't budging much on their demands. they want to extend tax cuts on incomes below $250,000, prolong unemployment benefits and delay those sweeping spending cuts. while...
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Dec 28, 2012
12/12
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FOXNEWSW
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eye 174
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the demonization of people who believe in limited government and a government that represents we, the people, and not we, the elites. and i really think that it's archaic and dinosaur-like of folks like sam donaldson who have long been out of power. i mean we broke the liberal media monopoly years ago, and this is really their death row call, not ours. thanks, sam. >> good to see you. thank you for being with us. happy new year. >> you bet. >> that's all the time we have left for the special fiscal cliff edition of hannity. thanks for being with us. let not your heart be troubled because the news continues and greta is standing by to go live on the record. greta, take it away. >> this news alert. an emergency meeting tomorrow at the white house. president barack obama, speaker of the house john boehner, house minority leader nancy pelosi, harry reid and mitch mcconnell. can they make a deal or can they do their jobs or is this just more political drama? >> we want an agreement. >> the count down is midnight. the start of a new year. >> we are going over the cliff because frankly i bel
the demonization of people who believe in limited government and a government that represents we, the people, and not we, the elites. and i really think that it's archaic and dinosaur-like of folks like sam donaldson who have long been out of power. i mean we broke the liberal media monopoly years ago, and this is really their death row call, not ours. thanks, sam. >> good to see you. thank you for being with us. happy new year. >> you bet. >> that's all the time we have left...
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Dec 27, 2012
12/12
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MSNBCW
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that is up to the government and the choices the government makes for the first weeks or month or two at least. for instance, the irs, the internal revenue service can decide what to do about how they treat the tax increase. the agency could delay increasing the amount it withholds from your paycheck each week assuming congress would reach a deal. that way you wouldn't notice the tax increase before it turned around. if it didn't get reversed, you're going to get quite a bill from the taxman. also if we go over the cliff, and the spending cuts begin to take hold, the various agencies of the federal government can consider putting employees on furlough. meaning they take unpaid days off. that's considered a better alternative than layoffs, if we don't get a deal quickly, the furloughs will have to become layoffs, that will mean real pain. >>> the great question is how quickly that pain will begin. would it hurt the real economy before we get a deal? or would the prospect of pain create such pressure, would congress change course before we feel it. the strategy of the folks who want to
that is up to the government and the choices the government makes for the first weeks or month or two at least. for instance, the irs, the internal revenue service can decide what to do about how they treat the tax increase. the agency could delay increasing the amount it withholds from your paycheck each week assuming congress would reach a deal. that way you wouldn't notice the tax increase before it turned around. if it didn't get reversed, you're going to get quite a bill from the taxman....
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360
Dec 24, 2012
12/12
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CNNW
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eye 360
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. >> we have three different chambers -- three different areas of government. there's a lot that the executive branch can do. there's a lot of leadership that president obama can provide that he's not provided on this issue. and there's a lot of hearts and minds that have to change in congress. a lot of them republican, and also some democrats. i think it's up to us as citizens if we want to see changes happen, to take off the party label and demand it of our elected officials. a lot of times politicians act because the citizens are demanding it and crying out for it. that's what has to happen on this issue. we have to lead and they will follow. >> i always say our democratic issue -- and it is, it's going to take all of us to do it. and we have to take the politics out of it. elzi, i'll give you the last word. go ahead and go on as long as you want. sorry i cut you off. >> what she described is a microcosm of what's wrong in washington. our elected officials and the president are supposed to be defenders of the second amendment. there's defenders of the consti
. >> we have three different chambers -- three different areas of government. there's a lot that the executive branch can do. there's a lot of leadership that president obama can provide that he's not provided on this issue. and there's a lot of hearts and minds that have to change in congress. a lot of them republican, and also some democrats. i think it's up to us as citizens if we want to see changes happen, to take off the party label and demand it of our elected officials. a lot of...
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Dec 28, 2012
12/12
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MSNBCW
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the russian government says they are willing to accept a trational government. it is up to the syrian people to decide. it is not up to the u.s. or united nations to decide. they emphasize it must be the syrian people. many ininterpret that that they don't have to stay with the president. they see that as an opening that they would have to have a process that would call for his removal. that is what we heard from the on voy. so long as it is decided on by the people. >> thank you very much for joining us. one of the most beautiful words in the epg lash language graphs coming up. my wife takes centrum silver. i've been on the fence about it. then i read an article about a study that looked at the long term health benefits of taking multivitamins. they used centrum silver for the study... so i guess my wife was right. [ male announcer ] centrum. always your most complete. i have a cold, and i took nyquil, but i'm still "stubbed" up. [ male announcer ] truth is, nyquil doesn't unstuff your nose. what? [ male announcer ] it doesn't have a decongestant. no way. [ mal
the russian government says they are willing to accept a trational government. it is up to the syrian people to decide. it is not up to the u.s. or united nations to decide. they emphasize it must be the syrian people. many ininterpret that that they don't have to stay with the president. they see that as an opening that they would have to have a process that would call for his removal. that is what we heard from the on voy. so long as it is decided on by the people. >> thank you very...
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Dec 27, 2012
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we live in an america where the federal government now is spending 25% of our gross domestic product. when you study the obama budget that would increase to 32%. that's where the problem has to i am emanate from. the spending side of our budget is 62% of what we spend money on. it's not just about defense or discretionary. >> is there any indication the president's deal, that he may come back with, will address spending? i haven't heard substantial spending cuts out of any deals on the left. >> absolutely you are not hearing that whatsoever. when i listen to senator chuck schumer say the president ran on raising taxes and says he won, we should do that, i have to tell you i'm not such and idiotic person to follow someone off into the abyss. this is a political gimmick the president ran on. he did win the election but when you look at the house, the republicans maintain their majority there and that's where revenue bills emanate from. >> we have to leave it there. always great to have you. >> happy new year. >> you too. amid all this fighting in washington, my next guest has a plan to
we live in an america where the federal government now is spending 25% of our gross domestic product. when you study the obama budget that would increase to 32%. that's where the problem has to i am emanate from. the spending side of our budget is 62% of what we spend money on. it's not just about defense or discretionary. >> is there any indication the president's deal, that he may come back with, will address spending? i haven't heard substantial spending cuts out of any deals on the...
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Dec 29, 2012
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the government ordered 14 big banks to take part in the program after it was discovered rley improperly processed urreclosure paperwork, or made other misrepresentations about mortgage terms. brmed homeowners can be compensated up to $125,000. but critics, like new jersey jenator robert menendez, complain the bank controls the osview process. >> who they choose are often lawyers and consultants who have worked with the bank before, and so it's a little bit of the fox hitching the chicken coop. c reporter: the office of the comptroller, which oversees the ram,ram, told us independence nas been a priority. >> this free program is monitored by federal bank regulators. >> reporter: others complained despite ads like this, few people even know about the program. only 10% of the 4.4 million ibigible homeowners have enrolled. >> we'll give you instructions on what to do. >> reporter: west angeles community development velop ation held one of nine yorkshops around the country keis month, where people like .orothy patton, signed up. >> we know there are thousands more, hundreds of thousands more
the government ordered 14 big banks to take part in the program after it was discovered rley improperly processed urreclosure paperwork, or made other misrepresentations about mortgage terms. brmed homeowners can be compensated up to $125,000. but critics, like new jersey jenator robert menendez, complain the bank controls the osview process. >> who they choose are often lawyers and consultants who have worked with the bank before, and so it's a little bit of the fox hitching the chicken...
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Dec 27, 2012
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people who believe in government will remember. the people who believe in national defense and social security and medicare will remember. they will know which party is trying to destroy working democracy in order to pursue its political ends. they will know who listens to the voter, who respects the voter, and who thumbs his nose at the voter and that ladies and gentlemen of the tea party right is you. we go over this cliff and you will not have to ask for whom the bell tolls, it willing tolling for you. leading off tonight josh green and chris frats of national journal. you don't have to be as clear as i, but try, gentlemen, tonight. it looks to me like one party, guns again it's asymmetric. both parties are not screwing around, one is. is that true? >> i think both parties want to go over the cliff. >> both want to go over the cliff? who will get blamed. >> i think republicans will get blamed but i think republicans at this point fear casting a career-threatening vote to raise taxes instead of waiting four days and letting the c
people who believe in government will remember. the people who believe in national defense and social security and medicare will remember. they will know which party is trying to destroy working democracy in order to pursue its political ends. they will know who listens to the voter, who respects the voter, and who thumbs his nose at the voter and that ladies and gentlemen of the tea party right is you. we go over this cliff and you will not have to ask for whom the bell tolls, it willing...
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a farm bill expires at the end of the year meaning the government reverts back to the 63-year-old pricing formula for milk and those costs are passed to you. nogallon of milk is about $3.50
a farm bill expires at the end of the year meaning the government reverts back to the 63-year-old pricing formula for milk and those costs are passed to you. nogallon of milk is about $3.50